Bloomberg Tax & Accounting Leased Assets

A leased assets software for ASC842 and IFRS16 compliance.

About Bloomberg Tax & Accounting Leased Assets

Built by accountants for accountants, Bloomberg Tax & Accounting Leased Assets provides accurate classification, accounting, and reporting for leased assets under the standards IFRS 16 and ASC 842. A SaaS solution, Leased Assets integrates with ERP systems and streamlines your workflow.

Bloomberg Tax & Accounting Leased Assets Features

  • Transition Accounting from ASC 840 to ASC 842 and IAS 17 to
  • IFRS 16 reduces the risk of errors and financial discrepancies.
  • Automated Lease Classification of operating or finance leases
  • streamlines adoption and transition.
  • Accurate Calculations performed at a daily level, such as
  • right-of-use (ROU) asset and lease liability, amortization, and
  • interest expense, save time and enable flexible reporting.
  • Audit Trail tracks changes by user and maintains a complete
  • history of every action to keep you on solid ground.
  • Auto-Generated Journal Entries cut down on manual entries,
  • improve accuracy, and speed up reconciliation.
  • Standard Reports provide robust yet concise information on
  • your lease portfolio: payment data, amortization schedules,
  • ASC 842 and IFRS 16 disclosures, and strategic insight to
  • inform management.
  • Flexible Entity Management lets you track leased assets by
  • entity, consolidate entities into groups, and manage custom
  • calendars such as 52/53 week years.
  • Document Management centralizes lease documents, attaches
  • documents to a lease record, and provides version history with
  • an audit trail for better financial controls.
  • Excel Add-in reduces implementation costs with bulk
  • import, streamlined bulk updates to existing data, and quick
  • extraction of data.
  • Integration with ERP, GL, AR, lease management, and internal
  • systems simplifies lease accounting and reporting across
  • multiple business segments, legal entities, or business units.
  • Experienced Professional Services staff is available to help
  • you quickly migrate data from existing systems and get you
  • up and running.

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